News Snapshot:
Japanese Stocks Surge on Positive GDP, Tencent Weighs on Hong Kong By Ambar Warrick Investing.com– Japanese stocks led gains across Asia on Thursday after the country’s second-quarter GDP was revised higher, while losses in technology giant Tencent pulled Hong Kong’s main index lower. Japan’s Nikkei 225 index shot up more than 2% after the country’s second-quarter GDP was revised to annualized growth of 3.5%, from a previous reading of 2.2%. Strength in business and consumer spending was the biggest driver of the reading, which now puts the Japanese economy above pre-pandemic levels. But rising inflation and interest rates have somewhat...
